Overview

• Revised 2025 federal figures set revenues at 36.562 trillion rubles, expenditures at 42.298 trillion, and a deficit of 5.736 trillion, with a plenary vote slated for October 15.
• The 2025 amendments reallocate over 230 billion rubles to subsidized mortgages and more than 18 billion to federal and regional road repairs, according to the Finance Ministry.
• The package includes a 20.7% rise in the minimum wage to 27,093 rubles from January 1, 2026, affecting about 4.6 million workers and carrying an estimated 218.5 billion ruble budget cost in 2026.
• Proposed Tax Code changes, due for Duma consideration on October 22, are forecast to add roughly 1.538 trillion rubles in 2026, 2.371 trillion in 2027, and 2.750 trillion in 2028 through measures including a 2‑point VAT increase, narrower small‑business thresholds, higher excises, and federalization of gaming tax.
• Budget and health measures advance structural shifts such as a separate MET category for potash, a gradual cut to the oil base price to $55 by 2030, extended compulsory medical insurance funding to 2028, and OMI subventions in 2026 for Donetsk (30.97 bn), Luhansk (21.215 bn), Zaporizhzhia (9.184 bn) and Kherson (4.731 bn) regions.